California Resources Corp 4
4 · California Resources Corp · Filed Jul 11, 2017
Insider Transaction Report
Form 4
Barnes Robert A.
Exec. VP - N. Operations
Transactions
- Exercise/Conversion
Common Stock
2017-07-08+159→ 2,084.424 total(indirect: By Spouse) - Tax Payment
Common Stock
2017-07-08$7.35/sh−30$221→ 1,975.424 total(indirect: By Spouse) - Exercise/Conversion
Long-Term Incentive Award (Right to Buy)
2017-07-08−159→ 0 total(indirect: By Spouse)Exercise: $0.00From: 2017-07-08Exp: 2017-07-08→ Common Stock (159 underlying) - Disposition to Issuer
Common Stock
2017-07-08$7.35/sh−79$581→ 2,005.424 total(indirect: By Spouse)
Holdings
- 72,829
Common Stock
Footnotes (2)
- [F1]Reflects the vesting of one-third of 477 (post-split) long-term incentive units granted to the Reporting Person's wife on July 9, 2014, which were converted in connection with the spin-off of California Resources Corporation (CRC) from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was the economic equivalent of one share of CRC's common stock. Half of the award was settled for shares of CRC's common stock and half was settled for cash.
- [F2]Includes 250 shares acquired by the Reporting Person's wife under CRC's Employee Stock Purchase Plan on June 30, 2017.